I have started software company as sole proprietor. I have client in Usa, who will pay invoice payments for software/service. Could you please let me know should I pay GST for invoice payment?, also this will consider as export as service?
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Export as a service
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Quick Summary
Yes, it will be considered as export of service. Yes, option can be opt to pay gst and refund of the same can be claimed to the extent of available ITC in E credit ledger
Yes GST is applicable on foreign Transactions also
In term of Section 2(6) , If the supplier of services is located in India, Recepient of services is located outside India & services being provided outside India , it is considered as export services.
And in term of Rule 96A you can export services without payment of GST (IGST) by filing LUT in form Rfd-11 online on portal.
And in term of Rule 96A you can export services without payment of GST (IGST) by filing LUT in form Rfd-11 online on portal.
Agreed with Mr. Pankaj
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